The record rise in cryptocurrency prices reflects the expectation that the new US government will adopt pro-crypto policies. What happens in Argentina?
The presidential elections in the United States have unleashed a notable impact on the cryptocurrency market and Donald Trump’s recent victory generated a wave of optimism among investors.
The election result, perceived as favorable for the sector, boosted the price of Bitcoin above US$75,000, an increase of almost 8% since the previous day. This increase reflects the expectation that the new government adopts pro-crypto policiesin contrast to the restrictions applied during the previous administration.
donald trump He has been explicit, on repeated occasions, about his desire to turn the United States into an epicenter of innovation in cryptocurrencies and blockchain, an opportunity to strengthen the industry in the country: “This administration is committed to allowing the sector to grow without the regulatory limitations that have limited its expansion in recent years,” declared a spokesperson for his team during the campaign.
In Argentina, there is increasing interest in the crypto ecosystem. A trend that is reinforced by powerful events, such as Labitconf 2024 in Buenos Aireswhere more and more people and companies adopt these assets as protection mechanisms.
The adoption of cryptocurrencies At the local level, it follows an upward curve, with approximately 15% of the population having explored these options, placing the country as one of the leaders in Latin America in terms of adoption of blockchain technology.
In the future, analysts anticipate that a US administration more open to crypto development could bring with it a wave of investments, favorable regulations and a clearer framework for investors. He cryptocurrency markethistorically volatile, shows a clear reaction of confidence towards the future.
While optimism reigns in the short term, long-term developments will largely depend on how new global players deliver on their promises to support the sector.
Lawyer, specialist in data analytics and business development specialist at Quantia.
Source: Ambito
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